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THE RITZ-CARLTON DESTINATION CLUB OPENS IN NORTH LAKE TAHOE

TRUCKEE, Calif. – December 18, 2009 – The Ritz-Carlton Destination Club is proud to announce the opening of its newest property, The Ritz-Carlton Club, Lake Tahoe. Starting today, the Ladies and Gentlemen of The Ritz-Carlton are welcoming Members to this ski-in/ski-out mountain retreat.

“The Ritz-Carlton Club, Lake Tahoe is the third in a preeminent collection of mountain properties,” said Peter J. Watzka, executive vice president and chief operating officer for The Ritz-Carlton Development Company, Inc. (an affiliate of The Ritz-Carlton Hotel Company, LLC). “We are proud to introduce our membership to this striking Club, where Members and their guests will be surrounded by the beauty of the region and walk away from every visit with the most prized possession, memories of their time together.”

Adjacent to the new, world-class Ritz-Carlton Highlands, Lake Tahoe, this stunning Club is set amidst the Northstar-at-Tahoe year-round resort. It offers 25 two-, three- and four-bedroom residences ranging from approximately 1,423 to 2,434 square feet, and all boasting dramatic Sierra Nevada mountain and Martis Valley views.

The Club’s unique interior design, crafted by renowned architects and designers, is inspired by the Washoe Tribe of the area with aspects of their heritage accentuated by way of textiles, patterns and indigenous materials. Organic and modern elements of nature are also incorporated in the luxurious furnishings to bring the beauty of the striking Lake Tahoe setting indoors. Each Club residence also features gourmet kitchens with wine refrigerators, cozy living rooms with fireplaces, and heated, honed marble bathroom floors.

As part of the personalized Club experience, Members will find their boots warmed and skis ready for the slopes, as well as the opportunity to enjoy snowshoeing outings, stargazing tours and horse-drawn sleigh rides. This is in addition to access to the nearby resort’s facilities and the new gondola to whisk Members to the Northstar Village with an outdoor ice-skating rink, 21 retail stores, 11 bars and restaurants and abundant family activities.

Depending on a Ritz-Carlton Destination Club Member’s vacation aspirations, they may select a Home Club Membership at Lake Tahoe, designed for Members who wish to spend the majority of their time in one particular destination, are available in 1/12th deeded interests entitling Members to stay 21 days annually. Portfolio Memberships affords the opportunity to discover a wide variety of locations, accommodations and experiences around the globe through the use of Club points, now including this wonderful Lake Tahoe addition, and participating Ritz-Carlton hotels and resorts worldwide. Membership pricing at The Ritz-Carlton Club, Lake Tahoe ranges from the low $100,000s to the low $400,000s per interest. A typical Portfolio Membership is approximately $260,000 for 10,000 points.

The 170-room Ritz-Carlton Highlands, Lake Tahoe is the first new development to be built in the Lake Tahoe area in decades. Located on the Northern California side of the largest U.S. alpine lake, the resort is expected to become one of country’s premier year-round mountain retreats, particularly with the signature restaurant, Manzanita, featuring French-inspired California cuisine from renowned San Francisco chef, Traci Des Jardins, and the 17,000 square foot spa and fitness center with treatments and therapies themed around water and the woods. The resort also includes 23 private Ritz-Carlton Residences. For hotel information, please visit www.ritzcarlton.com.

About The Ritz-Carlton Destination Club Combining innovative membership options for luxury travel around the world with the legendary services of The Ritz-Carlton Hotel Company, L.L.C., The Ritz-Carlton Destination Club offers an inspirational vacation lifestyle tailored to each Member’s needs and expectations. This year, on its 10th anniversary, The Club not only underwent a brand evolution, but was also awarded Robb Report’s “Best of the Best” distinction. The Club can be found on Facebook and Twitter (@RitzCarltonClub).

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